riyal

DUBAI/ABU DHABI, June 28 – Economic sanctions and poor liquidity have created chaos in the foreign exchange market for Qatari riyals, with the currency trading far below its peg to the U.S. dollar this week, but bankers in the region believe the peg remains solid. The riyal has been increasingly volatile in the spot market

By Andrew Torchia and Davide Barbuscia DUBAI, June 18 – Qatar’s riyal is being quoted weaker than its peg against the U.S. dollar as Doha grapples with a diplomatic crisis, but that is the result of poor liquidity in the currency market rather than a serious threat to the peg, bankers in the region say.